Panasonic 'suspends transactions' with Huawei after US ban

Thursday, 23 May 2019 15:29

Panasonic has joined a growing list of companies to suspend ties with Huawei after a US ban over security concerns.

"We’ve stopped all business transactions with Huawei and its 68 group companies... that are subject to the US government ban," said Panasonic spokesman Joe Flynn.

Panasonic's dealings with Huawei involved supplying "electronic parts" to the company, but Flynn declined to provide further details.

The decision came a day after four major Japanese and British mobile carriers said they would delay releasing new Huawei devices.

More from Business

UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
Meta ordered to pay $567 million in New Mexico for teen mental health fund

A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.
UAE sets minimum excise price for e-cigarette liquids

The UAE Ministry of Finance has announced a new decision setting a minimum excise price for liquids used in electronic smoking devices and tools.